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A BILL TO BE ENTITLED
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AN ACT
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relating municipal and county financing of the acquisition of |
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buffer areas or open spaces adjacent to a military installation for |
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certain purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 280, Local Government Code, is amended |
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by adding Section 280.005 to read as follows: |
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Sec. 280.005. ACQUISITION OF BUFFER AREA ADJACENT TO |
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MILITARY INSTALLATION AUTHORIZED. A municipality or county may |
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issue bonds or notes, including tax increment bonds or notes |
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authorized under Chapter 311, Tax Code, to finance the acquisition |
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of buffer areas or open spaces adjacent to a military installation |
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for the prevention of encroachment or for the construction of |
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roadways, utilities, or other infrastructure to protect or promote |
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the mission of the military installation. |
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SECTION 2. This Act takes effect December 1, 2009, but only |
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if the constitutional amendment proposed by the 81st Legislature, |
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Regular Session, 2009, authorizing the financing, including |
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through tax increment financing, of the acquisition by |
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municipalities and counties of buffer areas or open spaces adjacent |
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to a military installation for the prevention of encroachment or |
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for the construction of roadways, utilities, or other |
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infrastructure to protect or promote the mission of the military |
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installation is approved by the voters. If that amendment is not |
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approved, this Act has no effect. |